(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil is $920, up $20 from June. US to/from Canada and the US to/from Mexico shipments on steel products are lower due to the 25% tariffs, no resolution in sight. Big River announced plans to add a second caster ~1.6 million tons annual capacity, this will take two years to complete. Mittal and USS, union started contract talks. HR lead time 5-7 weeks,CR lead time 5-8 weeks. US Mills capacity utilization rate is 76.4%. Platts July CR Coil is $1,004, down $6 from June. Zinc is $1.17lb.. July Chicago #1 Bush $405 up $10 from June.$1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot – Jul 2018
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com